Breadth Will Dictate Whether SPY Gap Fills or Rallies

Breadth Will Dictate Whether SPY Gap Fills or Rallies

SPY is set to gap up and open at 109. 3, this fills the gap from last Thursday. The question is will SPY rally from the open and continue upwards or attempt a gap fill to 108.28? My inclinination is that it will run away to the upside but I will have to wait and look at the breadth before making a decision. the Dollar tanked overnight, but bonds haven't sold off much.

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